Quote:
Originally Posted by taylor192
OK, yet that's like excusing the subprime mess in the US cause it was all legal.
Trust me, I'm happy that I don't have to get an appraisal, yet find it oddly unsettling.
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i guess they think its ok as long as they are only lending up to 80% but of course the rest of the application has to make sense too. its WAY cheaper for them to use that program rather then someone out there to appraise it hoping the person will be home at that time and/or the tenant lets them in